CJSC FinEnergoInvest acquired a 19.5% equity stake in Vologdaenergosbyt, the latter company informed.
Prior to this deal, the buyer did not own voting shares in Vologdaenergosbyt.
At the same time, Energia United Trading and Procurement Company LLC and Bakhshi Movsesyan sold their equity stake in the power sales company. Each of them owned 19.5% of the company's voting shares.
OJSC Vologodskaya Sbytovaya Kompaniya (Vologdaenergosbyt, English: Vologda Power Sales Company, tax number: 3525154831) established on October 1, 2005 during the restructuring of OJSC Vologdaenergo is the largest electric power supplier in Vologda region providing services to ca. 10,000 legal entities and 340,000 individuals.
According to the DataCapital information retrieval system, RAS net profit of the company for January-September 2013 grew by 7.33% to RUB 139.221 million from RUB 129.707 million the year before. Revenue increased by 6.28% to RUB 8.06 billion from RUB 7.583 billion, sales profit decreased by 11.43% to RUB 246.029 million from RUB 277.793 million, pre-tax profit grew by 70.2% to RUB 167.087 million from RUB 98.171 million.
AK&M "M&A Market"
"AK&M", 13.02.2014 15:22